Hong Kong sell-downs taper off after record April

Following several large private equity sell-downs in Hong Kong there are signs that block sales are taking a breather.

After a record volume of share sales in April, institutional investors are starting to turn cautious on further offers believing Hong Kong's stock market may have peaked at seven-year highs, say bankers.

Long-only institutional investors the main buyers of these accelerated offerings feel that markets have peaked and are due for a correction, according to market sources.